Accredited Investors Inc. Cuts Stake in iShares Russell Mid-Cap Growth ETF $IWP

Accredited Investors Inc. lessened its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,108 shares of the company’s stock after selling 10,931 shares during the quarter. iShares Russell Mid-Cap Growth ETF accounts for 1.2% of Accredited Investors Inc.’s investment portfolio, making the stock its 17th biggest position. Accredited Investors Inc. owned 0.12% of iShares Russell Mid-Cap Growth ETF worth $22,563,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IWP. First Horizon Corp increased its stake in iShares Russell Mid-Cap Growth ETF by 23.4% in the 1st quarter. First Horizon Corp now owns 75,662 shares of the company’s stock worth $9,694,000 after purchasing an additional 14,325 shares during the period. Mosaic Family Wealth Partners LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 4.4% during the first quarter. Mosaic Family Wealth Partners LLC now owns 4,438 shares of the company’s stock valued at $569,000 after purchasing an additional 187 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 4.3% during the first quarter. Kestra Advisory Services LLC now owns 197,442 shares of the company’s stock valued at $25,296,000 after purchasing an additional 8,181 shares during the period. Beam Wealth Advisors Inc. grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 21.9% in the first quarter. Beam Wealth Advisors Inc. now owns 26,842 shares of the company’s stock worth $3,439,000 after purchasing an additional 4,817 shares during the last quarter. Finally, Your Advocates Ltd. LLP grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 2,866.7% in the first quarter. Your Advocates Ltd. LLP now owns 267 shares of the company’s stock worth $34,000 after purchasing an additional 258 shares during the last quarter. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Up 1.6%

Shares of NYSEARCA IWP opened at $143.91 on Friday. The firm’s fifty day moving average is $140.32 and its 200 day moving average is $137.09. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $146.64. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12.

iShares Russell Mid-Cap Growth ETF Company Profile

iShares Russell Mid-Cap Growth ETF, formerly iShares Russell Midcap Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell Midcap Growth Index (the Growth Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market. It is a subset of the Russell Midcap Index and measures the performance of equity securities of Russell Midcap Index issuers with relatively higher price-to-book ratios and higher forecasted growth.